Vietnam is promoting negotiations on the Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) to leverage it as a driving force for exploring export markets in Latin America.

The southeast key economic region has maintained its role as the economic engine of the country with impressive economic indicators recorded in all regional localities so far this year, especially in exports.

Vietnam was the 18th largest exporter of fruit and vegetables to Germany from outside the EU bloc, hitting 9.5 million USD in the first quarter of 2024, up 16.1% year on year, according to the Ministry of Industry and Trade.

The adoption of AI applications, especially generative AI, is important for improving Việt Nam’s competitiveness in the global playing field, delegates told the Shidler Global Leadership Summit.

In the first half of this year, Việt Nam exported about US$55 billion worth of goods to the US, up 26 per cent year-on-year, ranking first in terms of turnover growth, far surpassing other markets such as the EU, ASEAN and South Korea.

The first half of the year witnessed Vietnam spend US$69.6 million on pepper imports, of which Brazil, Cambodia, and Indonesia made up the country’s three largest pepper supply markets.

The Philippines wants to boost cooperation on rice with Vietnam to ensure its food security, Philippine Agriculture Secretary Francisco Tiu Laurel said during a visit to Vietnam over the weekend.

Fruit and vegetable exports are forecast to continue going smooth in the time ahead thanks to abundant domestic supply and foreign markets’ growing demand.

The Ministry of Transport has just issued a price framework for container loading and unloading services at Vietnamese seaports according to each port area.

In many of these cases, Vietnamese enterprises find themselves at a disadvantage, unable to adequately protect their rights due to shortcomings in negotiation and contract execution processes.